higher energy costs

Back in June, copper prices were poised to crack the $3-per-pound level. The market bounced sharply – by close to 15% – but has since retraced a sizable chunk of that rally. Was the rally warranted or just a due-course correction?

European Central Bank President Mario Draghi said policy makers are prepared to act against inflation threats if needed, while assuring investors that the ECB doesn’t plan to withdraw emergency stimulus any time soon.